Primoris Services Corporation filed SEC Form 8-K: Results of Operations and Financial Condition, Leadership Update, Regulation FD Disclosure, Financial Statements and Exhibits
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UNITED STATES
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Item 2.02Results of Operations and Financial Condition
On June 22, 2026, Primoris Services Corporation, a Delaware corporation (“Primoris” or the “Company”), issued a press release providing an update to its financial outlook for the full year of 2026, which it last updated in May 2026 as part of its first quarter earnings announcement, as further detailed in the press release furnished hereto as Exhibit 99.1.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 22, 2026, the Company announced that Jeremy Kinch, the Company’s Chief Operating Officer (“COO”) departed the Company effective the same date. The COO responsibilities will primarily be managed by President and Chief Executive Officer, Koti Vadlamudi, while the Company conducts a search for a permanent successor.
Mr. Vadlamudi, 55, has served as the Company’s President and Chief Executive Officer and one of the Company’s Directors since November 2025. Prior to joining the Company, Mr. Vadlamudi spent over 30 years at Jacobs Solutions, Inc. where he held a variety of executive positions. Such positions included Executive Vice President—Advanced Facilities, Managing Director and Senior Vice President—Advanced Facilities, Regional Vice President—Buildings and Infrastructure and Downstream Operations, and President and General Manager—Canadian Upstream Oil and Gas.
Mr. Kinch’s departure is treated as a termination without cause pursuant to the terms of his existing Amended and Restated Employment Agreement with the Company dated January 7, 2025 (the “Employment Agreement”) and is not related to any financial or accounting issue or the result of any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices.
In connection with his departure, and as contemplated by the Employment Agreement, Mr. Kinch is expected to enter into a Release Agreement with the Company (the “Release Agreement”) to receive the severance payments and benefits applicable upon a termination without cause (outside of a change in control period) under Section 6(c) of his Employment Agreement.
Item 7.01 Regulation FD
On June 22, 2026, the Company issued a press release announcing a series of business updates including the departure of its COO, an update to its financial outlook for the full year of 2026, the award of several projects during the second quarter of 2026, an update regarding its share repurchase activity, and the Company’s upcoming investor conference participation.
A copy of the Company’s press release, dated June 22, 2026, is furnished hereto as Exhibit 99.1.
The information contained in the press release attached hereto is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that Section, and shall not be deemed incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01Financial Statements and Exhibits
(d) Exhibits
Exhibit No. | Description | ||
99.1 | |||
104 | Cover Page Interactive Data File (formatted as Inline XBRL and included in Exhibit 101) | ||
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| PRIMORIS SERVICES CORPORATION |
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Dated: June 22, 2026 |
| By: | /s/ Kenneth M. Dodgen |
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| Kenneth M. Dodgen |
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| Executive Vice President, Chief Financial Officer |
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